New Italian Rules for CFC
Effective from the fiscal year starting after the fiscal year in progress to December 31, 2018 (i.e. from January 1, 2019 for calendar year companies), new Italian CFC rules were introduced.
The Finance and Insurance industry group comprises establishments primarily engaged in financial transactions (transactions involving the creation, liquidation, or change in ownership of financial assets) and/or in facilitating financial transactions. Three principal types of activities include: raising funds by taking deposits and/or issuing securities and, in the process, incurring liabilities; and pooling of risk by underwriting insurance and annuities; and providing specialized services facilitating or supporting financial intermediation, insurance, and employee benefit programs.
Industry code
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Money Laundering Legislation in Costa Rica
There is no specific guidance for lawyers. However, the National Notary Office compels registration before the SUGEF of all public notaries that carry out any of the activities described in article 15 of Law No. 8204.
Argentina: Tax and Labor Benefits for Companies of the Future
The National Government seeks to promote a "Knowledge Economy Law" that replaces the current Software Law, with the ambitious objective of covering such important areas as robotics and biogenetics.
Fight Against Cash Recycling in the EU: New Rules to Strengthen Battle Against Money Laundering and Terrorism Financing
EU-Regulation 2018/1672 provides to introduce measures aimed at disrupting and cutting off the financial sources of criminals and terrorists and repeals Reg. (EC) 1889/2005 from 3 June 2021.
Blockchain and Conveyancing
Blockchain, a technology that facilitates efficient sharing of data, is being hailed as the next technological revolution, and it is suggested that this ‘disruptive technology’ may impact upon our lives to the same extent as the internet.
The Attractions of Investing in the Netherlands
The Netherlands offers a highly competitive business and investment climate. The pro-business environment and supporting policies have greatly increased the international popularity of the Netherlands as an investment location.
Second Year of Obligation of the Informative Declaration of Related Operations
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During November, companies that closed the fiscal year 2017 in December, must present the model 232 of informative declaration of related operations and of operations related to countries or territories considered as tax havens.
Andorra: Reorder a Personal, Corporate or Societal Heritage at Zero Cost
With Andorran tax regulations, there was a subject that had been postponed: what happened if you wanted to reorganize an estate? Then it happened that there being no special regulation, applied general taxation.
In Italy as from 01 January 2019 Electronic Invoices Only
The Budget Law 2018 established that, starting from 1 January 2019, for the sale of goods and services rendered between residents, established or identified in Italy (and for the relative variations), only e-invoices are issued.
Singapore: Overview on Fiscal Budget for FY2018
Singapore Government has introduced a new round of changes for tax rebates and incentives with the Budget Statement for the year of assessment 2018, forecasting in the meanwhile a gradually reduction for the next future.